Cargill charters new product tanker from Ardmore Shipping

June 11, 2013—Ardmore Shipping Limited, Cork, Ireland, has taken delivery of the 49,999 dwt Ardmore Seaventure, the second in a series of four product and chemical tankers from Korea’s SPP Shipbuilding. The tanker immediately went to work under a 12-month charter to Cargill. This past February, the Ardmore Seaventure’s sister vessel, the Ardmore Seavaliant, was delivered by SPP Shipbuilding and chartered to Cargill for a 12-month period.

The Marshall Islands-flagged Ardmore Seaventure is an IMO 3 product and chemical tanker based on SPP's industry-leading design for this class of vessel and includes a number of additional specifications for improved fuel efficiency, including a slow-speed, electronically controlled diesel engine from MAN Diesel & Turbo, with a Mewis Duct, high performance hull coatings from International Paint, and a SkySails' Performance Monitor voyage optimization system.

The Ardmore Seaventure has been verified by classification society ABS in accordance with the IMO's Energy Efficiency Design Index (EEDI). “We are delighted to welcome the Ardmore Seaventure to our fleet,” said Ardmore Shipping CEO Anthony Gurnee. “She is a very high quality vessel, designed and built to industry-leading standards by SPP Shipbuilding, and incorporating a number of the latest technologies to ensure a high level of fuel efficiency and operational performance. We are very pleased to see her enter service immediately with Cargill and confident that she and her crew will serve Cargill with distinction.”

Ardmore Shipping has a relatively young fleet. The Ardmore Seaventure is the eighth product and chemical tanker in its fleet, which has a combined total tonnage of over 300,000 dwt and an average vessel age of five years old. Ardmore expects to take delivery of the third and fourth vessels, also 49,999-dwt IMO 3 product and chemical tankers, from SPP Shipbuilding in early 2014.

All of the ships in Ardmore Shipping's fleet fly the Marshall Islands flag.

SPP Shipbuilding Co. Ltd. was established in 2002 and has three shipyards: Sacheon Shipyard, Goseong Shipyard and Tongyoung Shipyard. Its major products include petro-chemical carriers, bulk carriers, containerships and gas carriers.